Brexit News Archive: 21 Dec 2016

Monte dei Paschi Bailout May Include Government Ownership

The impending government bailout of troubled Italian banks, led by Banca Monte dei Paschi di Siena, a whisper conversation during the Brexit vote, is coming front and center as partial government ownership is one reported potential outcome. The move for [...] The post Monte dei Paschi Bailout May Include Government ...
Value Walk   |   Wed, 21 Dec 2016 18:44:27

Brexit & Beyond: German Police Seek Tunisian Over Berlin Attack, Trade Deals Need National Lawmakers' Okay, Record Outflows From Euro

Brexit & Beyond is taking a short break from Dec. 23 and will be back Jan. 3. For Brexit coverage throughout the holiday period, visit WSJ.com. MUST READS German federal police issued this photo of truck-attack suspect Anis Amri with a wanted notice, warning that the Tunisian man could be ...
MoneyBeat   |   Wed, 21 Dec 2016 18:37:34

Pound and Brexit: 2017's unenviable guessing game

UK economy has avoided recession but markets are anxious about next year's exit talks
FT   |   Wed, 21 Dec 2016 16:15:39

Japan's SMFG searches for post-Brexit EU

TOKYO, Dec 22- Sumitomo Mitsui Financial Group is studying sites for a new banking headquarters in Europe, its president said, joining global peers looking for alternatives to London in the wake of Britain's vote to quit the European Union. Japan's third-largest banking group however was keeping its options open and ...
CNBC   |   Wed, 21 Dec 2016 15:00:00

EU court rules UK surveillance powers illegal

Case originally brought by David Davis before his appointment as Brexit minister
FT   |   Wed, 21 Dec 2016 11:58:59

Deloitte in humiliating apology to Downing Street for leaked Brexit memo

Deloitte has apologised to the government for the leak of a note that was highly critical of a lack of strategic direction – and has been forced to give up bids for Whitehall contracts, according to reports.
Here Is The City   |   Wed, 21 Dec 2016 10:38:09

Crown Estate gives green light to £100m West End scheme after Brexit pause

Telegraph   |   Wed, 21 Dec 2016 10:30:48

Silicon Valletta Accelerates Malta's Emerging Tech Hub In The Mediterranean

The UK's Brexit from the EU means opportunities for tech hubs outside London. Cities such as Berlin and Paris are obvious destinations for competing clusters, but Malta may be the most interesting of them all.
Monty Munford, Contributor / Forbes   |   Wed, 21 Dec 2016 09:20:00

Royal family's property arm confirms £100m West End development

Crown Estate will redevelop block in St James's after putting decision on hold after Brexit vote The royal family's commercial property arm will press ahead with a £100m West End development that had been placed under review following Britain's decision to quit the EU. The Crown Estate confirmed that it ...
Press Association / Guardian   |   Wed, 21 Dec 2016 08:44:24

Theresa May hinted that the UK will push for a transitional Brexit deal

LONDON - Prime Minister Theresa May hinted the UK will push for a transitional Brexit deal to make it easier to implement any new arrangements. May was asked about the potential for a transitional deal by a panel of UK MPs on Tuesday. Securing a transitional deal would allow several ...
Business Insider   |   Wed, 21 Dec 2016 08:06:46

Markets await UK public finances as inflation expectations rise - business live

All the day's economic and financial new, including the latest UK public finances for November (due at 9.30am). 8.02am GMT Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Even though its unseasonably mild, this morning's economic data may send ...
Graeme Wearden / Guardian   |   Wed, 21 Dec 2016 08:04:16

Inside Brexit: How Britain lost Europe

FT   |   Wed, 21 Dec 2016 07:38:31

Japan Inc on the hunt for post-Brexit deals

Japanese firms have snapped up 37 UK companies so far this year
FT   |   Wed, 21 Dec 2016 07:30:35

Brexit guessing game to continue weighing on GBP in 1H17 - ING

Viraj Patel, Foreign Exchange Strategist at ING, views that GBP price action since Brexit has been reflective of some weighted distribution of the var
Sandeep Kanihama / FX Street   |   Wed, 21 Dec 2016 07:14:23

Deloitte apologises for Brexit memo in effort to make peace with No 10

The accountancy firm will temporarily stop bidding for Whitehall contracts, according to reports The accountancy firm Deloitte has offered to stop bidding for Whitehall contracts in an attempt to heal relations with Downing Street following a row over a memo suggesting the government had no plan for Brexit, according to ...
Press Association / Guardian   |   Wed, 21 Dec 2016 06:31:57

CBI warns of post-Brexit regulatory 'confusion'

UK faces having to maintain or copy work 34 EU watchdogs
FT   |   Wed, 21 Dec 2016 05:01:19

U.K. leader Theresa May raises the possible need for deal on a post-Brexit transition

Prime Minister Theresa May told a parliamentary committee Tuesday that a transition period may be required after Britain leaves the EU. Making her first comments explicitly evoking a possible transition arrangement to ease the Brexit, May said companies and government might require time to adjust. "I would expect us to ...
Japan Times   |   Wed, 21 Dec 2016 04:51:12

Pound and Brexit: 2017's unenviable guessing game

UK economy has avoided recession but markets are anxious about next year's exit talks
FT   |   Wed, 21 Dec 2016 04:08:51

Deloitte agrees not to bid for Government contracts after leaked Brexit memo row

Steven Swinford / Telegraph   |   Wed, 21 Dec 2016 01:25:49

Japan Inc on the hunt for post-Brexit deals

Japanese firms have snapped up 37 UK companies so far this year
FT   |   Wed, 21 Dec 2016 01:01:43

UK PM May wants an implementation phase to smooth Brexit process

As per the Financial Times report, UK PM Theresa May has said she wants to negotiate transitional Brexit deal, that would help smooth Britain's exit f
Omkar Godbole / FX Street   |   Wed, 21 Dec 2016 00:54:27

CBI calls for barrier-free trade with EU after Brexit

UK companies need to keep access to European markets after Brexit, the CBI warns.
BBC   |   Wed, 21 Dec 2016 00:35:17

Take 'whole economy' approach to Brexit talks, CBI urges government

Business lobby group warns officials that some sectors of the UK economy risk being 'left behind' by any Brexit deal Britain's Brexit deal must meet the needs of all sectors of the economy if the UK is to be successful outside the European Union, the CBI has warned. The business ...
Angela Monaghan / Guardian   |   Wed, 21 Dec 2016 00:01:02

Theresa May dodges parliament Brexit vote committee query

The Prime Minister Theresa May is questioned on whether parliament will vote on a final Brexit deal.
BBC   |   Tue, 20 Dec 2016 18:48:35

From Brexit to Bitfinex: What Shaped Bitcoin's Price in 2016

Bitcoin prices surged more than 80% in 2016, pushed higher by developments such as the Brexit, the halving and the Bitfinex hack. Source
Charles Bovaird / CoinDesk   |   Tue, 20 Dec 2016 17:06:19

Theresa May indicates MPs will not be given vote on final Brexit deal

PM refuses to make commitment when asked repeatedly by Commons Brexit committee chair Hilary Benn Theresa May has refused to commit to giving MPs a vote on the final Brexit deal struck by the government during two years of talks with representatives of the other 27 countries in the EU. ...
Anushka Asthana Political editor / Guardian   |   Tue, 20 Dec 2016 16:24:43

Theresa May: Brexit plans to be laid out in new year

Theresa May pledges to set out plans for a "truly global Britain" in a speech on Brexit in the new year.
BBC   |   Tue, 20 Dec 2016 15:24:18

May says she wants a transitional Brexit deal

Prime minister tells MPs that British and EU economies need time to adjust
FT   |   Tue, 20 Dec 2016 14:52:46

Sturgeon: UK could stay in single market

Nicola Sturgeon argues that it would be justifiable" for the whole of the UK to remain in the European single market after Brexit.
BBC   |   Tue, 20 Dec 2016 11:52:00

'Xenophobia' is the word of the year for 2016, says Dictionary.com

Dictionary.com has selected as the 2016 word of the year, citing the anti-immigrant rhetoric of U.S. President-elect Donald Trump and the United Kingdom's Brexit vote to leave the European Union as reasons for its choice. In a news release, the online dictionary said that searches...
Money & Company   |   Mon, 28 Nov 2016 17:25:00

'Xenophobia' Is Dictionary.com's Word Of The Year

There were a lot of surprises to come out of 2016, but being named Dictionary.com's Word of the Year is not one of them. When you consider the rhetoric that galvanized people in this year's Brexit vote and the U.S. presidential race, the proof that is the word that most ...
Huffington Post   |   Mon, 28 Nov 2016 16:12:32

Hans-Werner Sinn: "Europe's Secret Bailout"

From Project Syndicate: MUNICH - While the world worries about Donald Trump, Brexit, and the flow of refugees from Syria and other war-torn countries, the European Central Bank continues to work persistently and below the public radar on its debt-restructuring plan - also known as quantitative easing (QE) - to ...
Climateer Investing   |   Mon, 28 Nov 2016 12:16:00

Europe's Secret Bailout

While the world worries about Donald Trump, Brexit, and refugees, the European Central Bank continues to work below the public radar on its debt-restructuring plan - also known as quantitative easing - to ease the burden on the over-indebted eurozone countries. It's a high-risk operation, especially for Germany and the ...
Project Syndicate   |   Mon, 28 Nov 2016 11:53:56

JD Sports bets on Brexit staycations with Go Outdoors takeover

Telegraph   |   Mon, 28 Nov 2016 10:30:56

10 things you need to know in markets today

Good morning! Here's what you need to know in markets on Monday. Prime Minister Theresa May has admitted that negotiating a successful Brexit is proving to be "hugely challenging." In a rare interview with The Sunday Times, May also acknowledged the government needed to organise terms for exiting the EU, ...
Business Insider   |   Mon, 28 Nov 2016 07:01:12

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